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A reversed hinge. It is like stops get run at top and bottom slowly opening up the range. Sorry, I can not post a pic from this computer right now.

DB, Today I am seeing a bugel formation on the 30 min chart. Is there any insight you can offer on the market participation/bias that results in a bugel as opposed to a hinge? In your experience does one have different implications from the other, or do they both just show indecisiveness?

In review these are the areas that seemed to be higher probability entry areas on a 15 min chart to me today. I need to be able to stick to this methodology more closely, rather than getting excited about smaller ret's in non-prime areas as DB has suggested. Entry would be on a 1 min or...

DB, would this hit off of 75 around 11:34 be considered a valid short opp also?

Question for DB Like many traders I have a problem with getting involved in chop. I try to make some general rules of thumb for many aspects of trading for reference during the day when I start to lose focus. For chop, I have the following: 1. If there is not a long or short trade...

Thanks GiantDog! I would never have figured it out.

Possible new channel?

Yes, I meant it was still an obstacle to get back to 50. Sorry, I was not clear on that.

65 is still an obstacle? C'est non?

Thanks oracle. I do not use fibs. I think they are garbage. I do like to take notice of 50% pullbacks though. That is all I use it for and would just like to get rid of all the excess. I can eyeball it about as well though.

40, Nice.

Well, I read things wrong today. I took the 10:00 LH as a sign that we were not going to make a new high and started waiting for shorting ops. There was one about 10:09. I made a couple of other stabs short for a losing morning and quit. What I did not notice was that the pullback low at...

I would like to have a default fib that shown only the 0, 50 and 100 % . When I change the settings and save as default, it never saves. Is there a way, or am I doing something incorrectly? Thanks,

I'm tired of laying tile this morning, need a new wet saw blade anyway. So, I drift back to trading thoughts. Right now, I'm thinking. "If someone asked me to summarize DB's approach in one sentence". What would I say? My first run at it would be: Trade the first pullback after...

Thanks DB, I'll try that.

This is my after the fact trade sheet for yesterday morning. Do these all appear to be DB acceptable trades? I would like to hear how others would have handled the triangle from 9:40-10:00 I am showing simple trendline breaks for exits and first pullback for entry, untill 4 swing points...

Looks like I was not the only one who was bored today. :)

Market is acting very Syrius today!

Did you hear about the trader who was so upset with his poor timing that he threw himself behind a train?

Thanks for the reply. I did read the thread and I find that much of what you say is consistent with my own thoughts, though I have trouble staying in focus. I also tend to trade primarily pullbacks. I am often quite good at picking reversals, the initial breakout and what I call a...